Solid 7-unit investment opportunity in Hamilton’s desirable Corktown neighbourhood. The property consists of six oversized one-bedroom + den units and one-bed suite in the basement, with the six larger units offering excellent potential to be converted into two-bedroom layouts. Strong in-place income supported by a stable tenant base, reflecting a 5.8% cap rate based on current income and expenses, with additional upside through unit reconfiguration. Separate hydro meters, shared laundry facilities, one storage locker, and eight surface parking spaces, including a recently paved rear lot. Six units offer spacious private balconies with rear fire escape access. Landscaped front yard and well-maintained common areas. Located in a high-demand rental pocket close to downtown, transit, hospitals, and everyday amenities. Ideal for investors seeking stable income today with clear value-add potential. (id:52316)
Revel Realty Inc.
$1,650,000
25 WEST Avenue S, Hamilton, Ontario
7 Bedrooms
7 Bathrooms
Property
MLS® Number: 40803671
Address: 25 WEST Avenue S
City: Hamilton
Exterior: Stone, Stucco, Other
Utilities
Heating: Radiant Heat
Parking
Parking Spaces: 8
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Property Sale History
Travel and Neighbourhood
92/100Walk Score®
Walker's Paradise
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Location
